Jacobs Holding Acquires North American Dental Group to Form First Transatlantic Dental Platform

On August 20, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that Swiss investment firm Jacobs Holding had announced the acquisition of North American Dental Group (NADG). The transaction is expected to be completed in the third quarter of 2019, with specific financial terms yet to be disclosed.

Following the completion of this acquisition, Jacobs Holding will expand its operations in the dental care sector and create the first transatlantic dental group.

NADG, founded in 2008 and headquartered in Pittsburgh, Pennsylvania, was co-established by Ken Cooper and Dr. Andrew Matta. As a leading provider of dental care services, the company currently operates more than 200 dental clinics across 11 states and 23 regional markets in the United States. NADG is committed to developing innovative therapies that enable dentists to deliver comprehensive, high-quality services, thereby improving patient treatment outcomes. The company’s mission is to meet all patients’ healthcare needs.

Ken Cooper stated, “NADG has established a successful network of dental clinics, providing comprehensive dental services to patients and offering excellent development opportunities for dentists. Together with its new partner, Jacobs Holding, NADG will continue to expand its footprint in North America, creating value for patients, dentists, shareholders, and the community.”

Jacobs Holding is a global specialized investment firm headquartered in Zurich, Switzerland, founded by entrepreneur Klaus J. Jacobs in 1994. The company focuses on strengthening the management of its portfolio companies and enhancing their asset value, thereby fostering sustainable market development.

Jacobs Foundation, under Jacobs Holding, is one of the world’s leading charitable foundations. The foundation is dedicated to promoting the development of children and adolescents, investing in the future of young people to help them become socially responsible individuals. Since its establishment in 2009, Jacobs Foundation has received two annual awards for its practices in child and adolescent development and has donated more than CHF 1.2 million.

Patrick De Maeseneire, CEO of Jacobs Holding, stated, “We are delighted to acquire NADG, marking a significant milestone in Jacobs Holding’s expansion of its dental care business. The U.S. dental care market is highly attractive and offers broad growth prospects. Ken Cooper and Dr. Andrew Matta have fostered an outstanding entrepreneurial culture, positioning NADG as a company that plays an active role in market consolidation. NADG has consistently upheld high standards and rigorous requirements in dentistry and patient care, which align perfectly with the values of Jacobs Holding.”

(Compiled by Hu Yifan)